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Report
Global Cross-Laminated Timber Market Report and Forecast 2023-2028
Market Report I 2023-03-27 I 179 Pages I EMR Inc.
Global Cross-Laminated Timber Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global cross-laminated timber market attained a value of USD 1574.1 million in 2022. Aided by the increasing adoption of sustainable construction materials and practices worldwide, the market is projected to further grow at a CAGR of 22.7% between 2023 and 2028 to reach a value of USD 5432.72 million by 2028.
Cross-laminated timber (CLT) is an engineered wood product made up of multiple layers of lumber boards stacked in alternating directions and bonded with structural adhesives. This construction technique results in a strong, lightweight, and versatile building material suitable for various applications, including residential, commercial, and industrial projects. CLT has numerous advantages, including a reduced carbon footprint, increased energy efficiency, and faster construction times.
The rising demand for sustainable and eco-friendly construction materials is driving the growth of the cross-laminated timber market. As the construction industry seeks to minimize its environmental impact, CLT has emerged as a viable alternative to traditional materials like steel and concrete. Its production process emits less greenhouse gases, and its carbon sequestration capabilities further enhance its appeal as a sustainable building material.
Additionally, the growing trend of prefabricated and modular construction is propelling the growth of the cross-laminated timber market. Prefabrication and modular construction techniques allow for faster construction times, reduced waste, and improved cost-efficiency. As a result, CLT is increasingly being used in these applications, boosting the demand for this versatile material.
Another key factor driving the growth of the cross-laminated timber market is the increasing awareness of the benefits of using CLT in various construction applications. Architects, engineers, and builders are becoming more familiar with the advantages of CLT, including its strength, durability, and design flexibility. This has led to an uptick in the adoption of CLT in a wide range of projects, from residential housing to large-scale commercial buildings. Additionally, the speed and ease of construction using CLT panels can lead to reduced labour costs and shorter construction timelines, further boosting the material's appeal.
Increasing urbanisation and a growing global population are also contributing to the growth of the cross-laminated timber market. As more people move to urban areas, the demand for affordable, sustainable housing solutions is rising. Furthermore, supportive government policies and incentives for the use of sustainable construction materials are playing a significant role in driving the growth of the cross-laminated timber market.
Market Segmentation?
The market can be divided on the basis of application, product type, element type, raw material type, bonding type, panel layers, adhesive type, press type, storey class, end use, and region.
Market Breakup by Application:
- Residential
- Public
- Commercial
Market Bifurcation by Product Type:
- Custom CLT
- Blank CLT
Market Division by Element Type:
- Wall panels
- Flooring panels
- Roofing panels
- Others
Market Segmentation by Raw Material Type:
- Spruce
- Pine
- Fir
- Others
Market Bifurcation by Bonding Method:
- Adhesively Bonded
- Mechanically Fastened
Market Segmentation by Panel Layers:
- 3-Ply
- 5-Ply
- 7-Ply
- Others
Market Division by Adhesive Type:
- PUR (Polyurethane)
- PRF (Phenol Resorcinol Formaldehyde)
- MUF (Melamine-Urea-Formaldehyde)
Market Breakup by Press Type:
- Hydraulic Press
- Vacuum Press
- Pneumatic Press
- Others
Market Segregation by Storey Class:
- Low-Rise Buildings (1-4 Storeys)
- Mid-Rise Buildings (5-10 Storeys)
- High-Rise Buildings (More than 10 Storeys)
Market Bifurcation by End Use:
- Structural Applications
- Non- Structural Applications
Market Classification by Region:
- North America
- Europe
- Japan
- Oceania
- Rest of the world
Competitive Landscape?
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global cross-laminated timber companies. Some of the major key players explored in the report by Expert Market Research are as follows:???
- Stora Enso Group
- Binderholz GmbH
- Mayr Melnhof Holz Group
- Schilliger Holz AG
- KLH Massivholz GmbH
- HASSLACHER Holding GmbH
- Sterling Company
- Structurlam Mass Timber Corporation
- Nordic Structures
- Eugen Decker Holzindustrie KG
- Others
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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.?
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Cross-Laminated Timber Market Analysis
8.1 Key Industry Highlights
8.2 Global Cross-Laminated Timber Historical Market (2018-2022)
8.3 Global Cross-Laminated Timber Market Forecast (2023-2028)
8.4 Global Cross-Laminated Timber Market by Application
8.4.1 Residential
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Public
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Commercial
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Cross-Laminated Timber Market by Product Type
8.5.1 Custom CLT
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Blank CLT
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Cross-Laminated Timber Market by Element Type
8.6.1 Wall Panels
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Flooring Panels
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Roofing Panels
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Cross-Laminated Timber Market by Raw Material Type
8.7.1 Spruce
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Pine
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Fir
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Cross-Laminated Timber Market by Bonding Method
8.8.1 Adhesively Bonded
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Mechanically Fastened
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.9 Global Cross-Laminated Timber Market by Panel Layers
8.9.1 3-Ply
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 5-Ply
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 7-Ply
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Others
8.10 Global Cross-Laminated Timber Market by Adhesive Type
8.10.1 PUR (Polyurethane)
8.10.1.1 Market Share
8.10.1.2 Historical Trend (2018-2022)
8.10.1.3 Forecast Trend (2023-2028)
8.10.2 PRF (Phenol Resorcinol Formaldehyde)
8.10.2.1 Market Share
8.10.2.2 Historical Trend (2018-2022)
8.10.2.3 Forecast Trend (2023-2028)
8.10.3 MUF (Melamine-Urea-Formaldehyde)
8.10.3.1 Market Share
8.10.3.2 Historical Trend (2018-2022)
8.10.3.3 Forecast Trend (2023-2028)
8.11 Global Cross-Laminated Timber Market by Press Type
8.11.1 Hydraulic Press
8.11.1.1 Market Share
8.11.1.2 Historical Trend (2018-2022)
8.11.1.3 Forecast Trend (2023-2028)
8.11.2 Vacuum Press
8.11.2.1 Market Share
8.11.2.2 Historical Trend (2018-2022)
8.11.2.3 Forecast Trend (2023-2028)
8.11.3 Pneumatic Press
8.11.3.1 Market Share
8.11.3.2 Historical Trend (2018-2022)
8.11.3.3 Forecast Trend (2023-2028)
8.11.4 Others
8.12 Global Cross-Laminated Timber Market by Storey Class
8.12.1 Low-Rise Buildings (1-4 Storeys)
8.12.1.1 Market Share
8.12.1.2 Historical Trend (2018-2022)
8.12.1.3 Forecast Trend (2023-2028)
8.12.2 Mid-Rise Buildings (5-10 Storeys)
8.12.2.1 Market Share
8.12.2.2 Historical Trend (2018-2022)
8.12.2.3 Forecast Trend (2023-2028)
8.12.3 High-Rise Buildings (More than 10 Storeys)
8.12.3.1 Market Share
8.12.3.2 Historical Trend (2018-2022)
8.12.3.3 Forecast Trend (2023-2028)
8.13 Global Cross-Laminated Timber Market by End Use
8.13.1 Structural Applications
8.13.1.1 Market Share
8.13.1.2 Historical Trend (2018-2022)
8.13.1.3 Forecast Trend (2023-2028)
8.13.2 Non-Structural Applications
8.13.2.1 Market Share
8.13.2.2 Historical Trend (2018-2022)
8.13.2.3 Forecast Trend (2023-2028)
8.14 Global Cross-Laminated Timber Market by Region
8.14.1 Market Share
8.14.1.1 North America
8.14.1.2 Europe
8.14.1.3 Japan
8.14.1.4 Oceania
8.14.1.5 Rest of the World
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 Austria
9.2.3.2 Germany
9.2.3.3 Italy
9.2.3.4 Switzerland
9.2.3.5 Others
9.3 Japan
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Oceania
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Project Details, Requirements and Costs Involved
14.1 Land, Location, and Site Development
14.2 Construction
14.3 Plant Machinery
14.4 Cost of Raw Material
14.5 Packaging
14.6 Transportation
14.7 Utilities
14.8 Manpower
14.9 Other Capital Investment
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Manufacturing Cost Breakup
15.4 Income Projections
15.5 Expenditure Projections
15.6 Taxation and Depreciation
15.7 Financial Analysis
15.8 Profit Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players' Market Share
16.3 Company Profiles
16.3.1 Stora Enso Group
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Demographic Reach and Achievements
16.3.1.4 Certifications
16.3.2 Binderholz GmbH
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Demographic Reach and Achievements
16.3.2.4 Certifications
16.3.3 Mayr Melnhof Holz Group
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Demographic Reach and Achievements
16.3.3.4 Certifications
16.3.4 Schilliger Holz AG
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Demographic Reach and Achievements
16.3.4.4 Certifications
16.3.5 KLH Massivholz GmbH
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Demographic Reach and Achievements
16.3.5.4 Certifications
16.3.6 HASSLACHER Holding GmbH
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Demographic Reach and Achievements
16.3.6.4 Certifications
16.3.7 Sterling Company
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Demographic Reach and Achievements
16.3.7.4 Certifications
16.3.8 Structurlam Mass Timber Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Demographic Reach and Achievements
16.3.8.4 Certifications
16.3.9 Nordic Structures
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Demographic Reach and Achievements
16.3.9.4 Certifications
16.3.10 Eugen Decker Holzindustrie KG
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Demographic Reach and Achievements
16.3.10.4 Certifications
16.3.11 Others
17 Industry Events and Developments
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